---
schema_version: "secwatch.filing_event.v1"
accession: "0000939930-23-000086"
form_type: "8-K"
ticker: "PYYX"
cik: "0000939930"
company_name: "PYXUS INTERNATIONAL, INC."
filed_at: "2023-11-14T23:59:59+00:00"
generated_at: "2026-06-08T04:31:39.868867+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Pyxus Q2 revenue up 22.8% to $624.3M, net income $8.1M, raises FY2024 guidance

## Summary
- Revenue $624.3M (+22.8% YoY) driven by 10.2% volume increase and 11.7% higher average prices.
- Net income $8.1M vs. $(1.5)M loss in prior-year Q2; adjusted EBITDA $57.1M (+33.1%).
- Gross margin improved to 14.2% from 13.2% YoY; SG&A ratio improved to 6.4% of revenue.
- FY2024 guidance raised: sales $2.0-2.1B (prior $1.9-2.1B), adjusted EBITDA $170-180M (prior $155-180M).
- Management cites undersupplied market, favorable regional/customer mix, and higher pricing.

## SEC filing metadata
- accession: 0000939930-23-000086
- form_type: 8-K
- ticker: PYYX
- cik: 0000939930
- company_name: PYXUS INTERNATIONAL, INC.
- filed_at: 2023-11-14T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/939930/000093993023000086/0000939930-23-000086-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/939930/000093993023000086/pyx-20231114.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000939930-23-000086
- JSON: https://secwatch.observer/filing/0000939930-23-000086.json
- Plain text: https://secwatch.observer/filing/0000939930-23-000086.txt

## Key facts
- Earnings Releases
  PYXUS INTERNATIONAL, INC. reported fiscal quarter ended September 30, 2023 results: revenue $624.3 million, net income $8.1 million. Guidance raised.
  - Period: fiscal quarter ended September 30, 2023
  - Revenue: $624.3 million
  - Net income: $8.1 million
  - Guidance: raised
  - Result: reported results
  source text: alignment of inventory investments and the mix of customers and geographies on which we are focused." Second quarter sales and other operating revenues grew by 22.8% to $624.3 million , an increase of $116.0 million over the second quarter of fiscal 2023. Contributing to the Company’s performance was a volume increase of 10.2% and an increase in average market
  evidence_url: https://www.sec.gov/Archives/edgar/data/939930/000093993023000086/0000939930-23-000086-index.htm
- Earnings Releases
  PYXUS INTERNATIONAL, INC. reported financial results for three and six months ended September 30, 2023.
  - Period: three and six months ended September 30, 2023
  - Result: reported results
  source text: On November 14, 2023 , Pyxus International, Inc. issued a press release announcing its operating and financial results for the three and six months ended September 30, 2023. The press release is furnished as Exhibit 99.1 hereto.
  evidence_url: https://www.sec.gov/Archives/edgar/data/939930/000093993023000086/0000939930-23-000086-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.